Calling Quote by James Callaghan
“Those who advocate devaluation are calling for a reduction in the wage levels and the real wage standards of every member of the working class.”
About This Quote
Source Parliamentary speech, 1975
Advocating lower wages reduces real earnings for workers, harming the working class.
In simple terms: Lower wages hurt workers' real earnings.
Protect real wages.
Themes
Mood
Type
When to use this quote
- policy debate
- union negotiations
- economic planning
Key Concepts
Questions to Reflect On
- How can wages stay fair amid inflation?
- What alternatives exist to protect workers?
May ignore inflationary pressures.